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The South Carolina R&D Tax Credit Program: A Guide
South Carolina businesses could claim up to 5% of qualified research expenditures (QREs) for conducting research and development (R&D). A research and development (R&D) tax credit program rewards businesses for investing in R&D. While there is a federal R&D tax credit, you can look closer to home for such a benefit. The Maryland R&D tax…
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Do R&D Tax Credits Benefit Prosthetic Designers?
Prosthetic designers could reduce their business’ tax burden with a federal research and development (R&D) tax credit. Every day prosthetic designers are creating vital tools that improve mobility and quality of life for clients that range from children to military veterans. Designing a new appendage takes time, money, and energy which can prove to be…
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The Beauty of R&D Tax Credits for Cosmetic Companies
With a Federal and state research and development (R&D) tax credit, cosmetic companies could recoup over 10% of research costs. The cosmetic industry is constantly whirling with innovation and creativity. Due to the cost of developing new make-up, oral, and skin care products, R&D tax credits allow cosmetic companies to remain competitive. Unfortunately, many beauty…
